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 Is the bubble finally bursting? 2014, V2

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SUSjolokia
post Jan 14 2014, 05:41 PM

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Me ranked No.2 only ?? agrrhh

Let see how many post before Cherroy closed it..lol

Though I notice there r many thread on GST & RPGT effect on properties price able to sneak through his radar. .rofl
SUSjolokia
post Jan 15 2014, 08:31 AM

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http://www.thestar.com.my/Business/Busines...dget-this-year/

When the news say BBB mena B little bit,
When it say B little bit mean stop buying,
When it say slow down mean stagnant,
When it say stagnant mean bubble burst too late cry.gif
SUSjolokia
post Jan 15 2014, 05:21 PM

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QUOTE(kochin @ Jan 15 2014, 09:00 AM)
assuming there's a bubble, and properties price plunge.
may i ask who will be the biggest benefactor?

the wisher for huge property price declination, may i ask what is in store for you guys/girls?
of course besides the eagerly awaited "I told you so!" quote, what else is in store.
care to enlighten me please?

thanks.
*
U R making an Ass out of U & Me by assume..lol got U icon_idea.gif

There R those who have property for own & family stays & no intention to sell it, already sold off their previous investment/flipping unitbought & sold earlier with good profit, now looking for more, but current price r over inflated & not much profit can be made from it, so now waiting fot the market declination to grab some good deals so that able to make better margin out of it (Just like stock market).

So next time use logic thinking rather than ASSUMING people just wanna get orgarsm by saying "I told u so". cool2.gif
SUSjolokia
post Jan 15 2014, 06:47 PM

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QUOTE(matthewctj @ Jan 15 2014, 05:58 PM)
Back to the question, how low do you want it to go before you pick it up again? Most of us in this forum, are not George Soros or Warren Buffett with tons of cash pile waiting to pick up when it's down. When it starts going down, the so called people who wants good deals will also be weary of how low it will go before it can be picked up. There are of course rich people too in here but they are the minority. If it goes down and continues to go down, that only means people are losing jobs and losing homes. Yes, it's a tough and rough cycle for some.

When you say inflated, it is relative. Relatively, a RM500k condo is high to someone earning 3k a month. On the other side of the coin, it is acceptable to someone earning 10k a month. Income needs to go up. People need to be better at what they do. Continuing to pray for goods and services to remain low is illogical. Ideally, it would be nice if the Govt is controlling inflation but we know that's in our dreams only.

I wouldn't mind price remaining stagnant for now. Stagnant means it's stable, people are paying their mortgages/home loans. People are not losing jobs. Investors period is over for now. There are still homes that people can buy if they need a home. Only problem is, people have higher taste than what their budget/income can afford. Then they start crying saying they can't afford a home.

In Malaysia, many high income earners few years ago are now considered middle class citizens. Middle income earners are now low income earners. Low income earners are now at the poverty line when all these are compared to our cost of living. Problem is, people don't want to acknowledge that. I for one acknowledge my purchasing power has dropped since 2013. Currently finding avenue to increase my returns on investments to ensure my lifestyle doesn't drop.

So what is the next best thing, people hope for bubble to pop. Trust me, it ain't a beautiful sight when people lose their jobs. The unfortunate part is, these people are the people who have none or bad financial planning.
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Why can't some one who have earn in last round holding bunch of cash waiting for the right timing ??

Nothing is fall proof if u lived long enough u know what i mean, if oil call crash, gold can crash why not property, just ask anyone few year ago would they believe gold price can fall by this much, i bet the bunch gold investor would ask u to fly kite if you said gold price can crash just a year ago, US property crash, PIGGS property crash, so what make Kangkungland so special crash proof ??

Like koshin the only thing in your mind is someone desperate for a house but can't afford so crying for crash whole day, why not someone loaded waiting for you all to give up either by will or by force & grab it at lower cost later sell it when the market going up, if u used to playing stock u would know the rule of the game, roller coaster market is the most profitable marker rather then up slow up.

Heard of famous chinese proverd "Nai Kei" there is alway oppotunity in every crisis. brows.gif




SUSjolokia
post Jan 15 2014, 07:26 PM

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QUOTE(simeonelee78 @ Jan 15 2014, 06:54 PM)
is cantonese "ngai kei"....

but not everyone dare to face "ngai kei"....n not everyone can smell the "kei hui"....
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Think of it as oranges, probably most of u do not know why sometime oranges r sweet while sometime sour, that because the first & last batch of oranges in a season r alway sour while those in the mid season r sweet.
Same go investment the first batch who go in & the last batch who got out r at the highest risk of losing money.
Always think a step ahead, the big players r always ahead of us, so think ahead, when even obasan come to tell u buy properties mean it time to cabut, like stock market by the time everyone tell u this stock sure go up faster sell it off.

Just watch for market sentiment, do exactly opposite of the mass, they buy u sell; they sell u buy. .got it brows.gif
SUSjolokia
post Jan 16 2014, 09:16 AM

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QUOTE(zephyrus9999 @ Jan 16 2014, 08:55 AM)
We only need 1 bank in msia to crash, then the bubble will pop. everything turns tumbling down.

In these dark times, defaulters will be in number. More properties auctioned but no takers. If recall tons of business loans, we can imagine what happens to gomen income. Borrowers will not even have kangkungs to top up in the first place.

And thr goes msia economy derails.. And what makes you think our BNM/gomen let this to happen.

Pop unlikely. Reduced demand and fairly constant supply due overpopulation possible.
*
Correct 3 our BNM is the only national bank in this world will guaranteed country economy will NEVER EVER get into ressesion, deflation or any economy problem at all.
Our bank will also be the only bank in this world if not universe can guaranteed flipper not losing money.
So remember fellow flipper if u losses money in properties flipping just go & claim back from bank negara, as our tax money will fully utilised to save flipper.
All u need do is PM our genius zephyrus9999 he will guide u all the procedures to claim from bank negara.

Maybe we should set up tabung GRF1M

Ganti Rugi Flipper 1 Malaysia...lol
SUSjolokia
post Jan 16 2014, 11:11 AM

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QUOTE(aberdeen @ Jan 16 2014, 10:53 AM)
If you want to succeed as a property investor, you must get in the game. If are living a life as a spectator, waiting for the elusive bubble to burst, you may have missed a lot of opportunities already. How long have you been waiting...3 years ago people has been talking about the bubble going to burst, and still talking...it may happen or it may not..how long more..

These are the people still waiting...

[attachmentid=3817696][attachmentid=3817697][attachmentid=3817698]

You want to wait until your neck look like this..

[attachmentid=3817699]
Don't get me wrong, I am not suggesting that everyone should just blindly jump in and grab whatever properties you can get your hand on...you still need to do your homework...buy objectively, not on emotion..no panic buying, no excessive greed..must be within your budget, don't get over-extended with debt or over leverage, do due diligence...and so forth..

One of the biggest mistake for investors is waiting too long to start investing in property, whether for own stay or as investment.

What is your view? This is only for discussion purpose... please don't overreact...thank you.
*
Absolute nonsense. . short & simple no overreact. .lol
SUSjolokia
post Jan 16 2014, 12:19 PM

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QUOTE(aberdeen @ Jan 16 2014, 12:11 PM)
Why not, if I find a good deal. Just 3 mths ago, received sms early morning from Setia Ecohill, if interested to book, bring along RM20k cheque...I went with my cheque hoping to get one of their terrace house...too late the crowd already too big...all terrace sold out by noon...just within a few hours! The terrace selling from 400+k, I think is a good deal, heard the 2nd phase launch..the terrace will be from 600+k
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Meaning u didn't buy, another empty talk..lol

That why I said all these BBB warrior only cakap kosong, ask other to buy sendiri kecut. .typical Kangkung mentality. .sigh
SUSjolokia
post Jan 16 2014, 01:02 PM

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QUOTE(aberdeen @ Jan 16 2014, 12:26 PM)
You are just another troll....why people like you can't have a meaningful discussion?
*
From posting long necked people photo to make fun on other & claiming this & that end up never bought anything is indeed a meaningful discussion ?

Look at the mirror & surely u will see a "long necked troll"...lol


SUSjolokia
post Jan 16 2014, 09:38 PM

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QUOTE(twincharger07 @ Jan 16 2014, 09:12 PM)
wah... new enlightenment... so meaning that those say wanna buy when it crash "man man dang la"...  rclxms.gif
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Can also mean 90% will Chickened out don't dare to die die also hold, they would throw their current holding in Fire Sales....wakakaka

It happened in the mid 80s & again late 90s, so expect it to happened again.

U think top 10% richest will come here & waste their time to post rubbish ? from those comments I bet he is nothing but empty talker like Aberdeen...lol

Since only 1 million Malaysians is paying income tax, 1/29 which is about 3.5%, hey hey hey I am among the top 3% ...rofl

This post has been edited by jolokia: Jan 16 2014, 09:44 PM
SUSjolokia
post Jan 17 2014, 10:25 AM

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QUOTE(EddyLB @ Jan 17 2014, 07:42 AM)
Like !

But the DDD camp believes that all UUU campers are all flippers with extremely poor credit rating, borrowing 100% loan and living up to their nose with just 0.5% interest rise will make them jump from 14th floor  laugh.gif  laugh.gif
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If u wanna hold be my guest, we r targeting the mass that is going to give up & that's my friend is majority of UUU camp.

U don't wanna sell so be it, I am looking at your neighbours. .wakakaka

This is in contra of earlier market believe "if u can't affford the price flipper ask for there r richer one who can" so now is "if u not willing to do fire sales, there r other who's willing"..lol
SUSjolokia
post Jan 17 2014, 01:12 PM

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QUOTE(EddyLB @ Jan 17 2014, 11:10 AM)
Hi Rooney,

Of course there are flippers who will sell to you. But the UUU camp may be there to bid just in front of you  laugh.gif

Like you, I am waiting for the market to come down too  icon_rolleyes.gif
*
So u r another double agent constantly switching between camp to gain max benefits...hmmm sama gang loh like this ...lol

Just like to poke fun on fellow members here only lah..or else waiting for victims game r quite boring. .zzzzZzzz
SUSjolokia
post Jan 18 2014, 01:43 PM

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QUOTE(Fazab @ Jan 18 2014, 01:06 PM)
Then the big question is - how many have overcommitted.

Speculators/flippers -  yes
Those who overborrowed ? (some banks give DSR of 80%)
Those who overborrowed based on projection of future earnings/ big bonuses?

I hate to mulut celupar, but I do remember the biggest pain in the 1997 crisis was watching friends who had to sell their houses because salary cut/ lost side income/ lost jobs.

Banks in general have been very lax in giving out loans during the 2000-2012 BBB period
*
Mulut Celupar takpe jagan jangan Mulut Masin dah ...lol

BNM already says our country will not experienced another late 90's crisis mah.. but donno later is janji dicapati or not lah..but household debt 83.5% is a worrying figures.

Think of this way if crisis come you have money then songlap all u can, if no money then kelabu asap loh..lol


SUSjolokia
post Jan 18 2014, 07:25 PM

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http://www.themalaymailonline.com/malaysia...-to-high-income

http://chedet.cc/?p=1192

Wonder anyone read this very interesting article. .as much many do not like him but the grand old man definately have good foresight. . brows.gif

What the point of high income when the income can't exchange for better living..hmm

This post has been edited by jolokia: Jan 18 2014, 07:36 PM
SUSjolokia
post Jan 19 2014, 12:10 PM

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QUOTE(icemanfx @ Jan 19 2014, 12:01 PM)
From number of people attended the seminar implying;
1. Many made profit earlier.
2. Many are hungry for more investment.
3. Many are unaware price stagnant started in 2013 and expecting more price increase.
4. Many new comers wanted to join in.

Bubble will continue to grow from these group on investors alone regardless of genuine demand or general economy until many could no longer hold for the next suckers.
*
Greater Fool Theory, constantly find a greater fool to buy your property until the last one end up as greatest fool, same like those who bought oil at USD 148 during 2008.

http://en.wikipedia.org/wiki/Greater_fool_theory

In real estate the greater fool theory can drive investment under the expectation that prices will rise, or force need-based-buyers to out bid irrational or ill-informed buyers.
A need-basis can be for basic housing or for organizations fulfilling exigent commercial interests.
This phenomenon may also occur
among banks offering real estate financing.

Now properties become no.1 pyramid/Get rich scheme/pak man telo in Malaysia. ..lol

This post has been edited by jolokia: Jan 19 2014, 12:18 PM
SUSjolokia
post Jan 19 2014, 01:29 PM

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QUOTE(siakap5 @ Jan 19 2014, 12:50 PM)
Don't use the word fool. Mind your own stupidness before you call people fool.
*
Can't blame you majority property agent/flipper have problem understanding simple english.

Change to Greater Barramundi then, suits U..lol

It's a famous theory not insulting anyone, try Google it yourself, don't people read nowadays. .sigh

This post has been edited by jolokia: Jan 19 2014, 01:35 PM
SUSjolokia
post Jan 19 2014, 05:14 PM

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QUOTE(icemanfx @ Jan 19 2014, 04:30 PM)
Vp in 2017 or 2018, price and demand will be in UUU by then.

Many in BBB wanted to buy more but couldn't get loan. Damn the bnm for not allowing investors to support the market.
*
If one can't secure any more loan mean they r not qualify to be a investor, at most a gambler, bank don't give loan to gamblers, maybe can try ah long since guaranteed earn. ..lol



SUSjolokia
post Jan 19 2014, 05:45 PM

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QUOTE(icemanfx @ Jan 19 2014, 05:24 PM)
To some; Banks deprive investors opportunity so that they won't look embarrassed that investors could make a lot more than their educated and qualified officiers.
*
I don't blame u, after all this is a Sunday...lol


SUSjolokia
post Jan 20 2014, 07:42 AM

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http://www.utusan.com.my/utusan/Ekonomi/20...sektor-hartanah

Pricewaterhouse said it... biggrin.gif
SUSjolokia
post Jan 20 2014, 10:07 AM

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QUOTE(Wiredx @ Jan 20 2014, 08:35 AM)
They are just jealous cos they missed the boat [/tongue-in-cheek]
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It's a news about Pricewaterhousecooper studies on properties investment, who r u refer as "They" kindly elaborate ???

Here's the news write up.

Malaysia berdepan
kemelut sektor hartanah

KUALA LUMPUR 19 Jan. - Akibat
permainan spekulator, Kuala Lumpur
dan bandar sekitarnya hanya berada di
tempat ke-14 dalam senarai lokasi
pelaburan terbaik sektor hartanah bagi
rantau Asia Pasifik untuk tahun ini,
ekoran lebihan penawaran hartanah.

Hasil kajian firma penyelidikan
PricewaterhouseCoopers (PwC)
mendapati keadaan itu telah
menyebabkan prospek pelaburan
hartanah di Lembah Klang kurang
menarik, sekali gus kedudukannya
merosot berbanding tempat kelima pada
tahun lalu.

Antara maklumat daripada kajian oleh
firma itu mendedahkan hanya 18
peratus ruang pejabat di Lembah Klang
dipenuhi ketika ini berbanding 20
peratus pada 2012.

Malah, premis pusat beli-belah juga telah
terlebih bina selain reka bentuknya
yang agak ketinggalan zaman.

Dalam senarai tersebut bandar-bandar
utama yang berada di atas Kuala
Lumpur mengikut turutan ialah Tokyo,
Shanghai, Jakarta, Manila, Sydney,
Guangzhou, Singapura, Beijing, Osaka,
Shenzhen, Bangkok, pinggir bandar di
China dan Melbourne.

Kajian itu turut memetik seorang
penganalisis hartanah serantau yang
menyatakan, lebihan penawaran itu
berlaku akibat jangkaan spekulator
bahawa Kuala Lumpur merupakan lokasi
pelaburan hartanah terbaik beberapa
tahun lalu.

Jangkaan itu sedikit sebanyak telah
mendorong satu persatu pemaju
menjalankan pelbagai projek hartanah
sama ada kediaman, pejabat serta pusat
beli-belah dengan harapan adanya
permintaan yang tinggi.

"Sebelum ini, memang benar
permintaan hartanah cukup tinggi,
namun akibat permainan spekulator
bilangan unit-unit hartanah menjadi
lebihan.

"Malah, di kawasan bukan tumpuan pun
kediaman termasuk jenis mewah telah
terlebih bina. Akhirnya, pemaju-pemaju
menjual produk hartanah masing-
masing kepada pelabur asing bagi
meraih pulangan," kata penganalisis itu.
Laporan lain mendakwa walaupun
berlaku lebihan penawaran, beberapa
projek hartanah terus dijalankan sekali
gus mewujudkan risiko sama ada unit-
unit yang dibina itu mampu disewakan.
Tujuan sebenar kajian oleh PwC itu
adalah untuk memberi idea pelaburan
kepada pelabur-pelabur hartanah
antarabangsa mengenai pulangan yang
mampu diraih oleh mereka, dan
bukannya mengenai krisis lebihan unit
hartanah di Kuala Lumpur.

Namun, kajian itu dapat mendedahkan
kesan buruk permainan spekulator
kepada sektor hartanah tempatan selama
ini.

Kini, boleh dilihat betapa rasionalnya
perundangan yang diperkenalkan oleh
kerajaan seperti harga minimum RM1
juta untuk pembelian hartanah oleh
warga asing serta Cukai Keuntungan
Harta Tanah (RPGT) bagi membendung
aktiviti spekulator.

Mengikut laporan sebelum ini, beberapa
kawasan tumpuan di Medini, Iskandar
Malaysia dikatakan mendapat pengecualian RPGT dan harga minimum
pembeli asing, memandangkan
pembangunan di kawasan itu masih di
peringkat awal.

Namun, kajian oleh PwC ini penting
sebagai rujukan kepada Iskandar
Malaysia, supaya pada akhirnya tidak
hanya dipenuhi dengan 'gajah putih'.

This post has been edited by jolokia: Jan 20 2014, 10:13 AM

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